$SOXL ETF Rises Nearly 50% with 17% Gain, Surging from $25 to $38 Amid Semiconductor Sector Gains

The semiconductor sector has shown significant gains recently, particularly reflected in the performance of the $SOXL ETF, which has risen nearly 50% since a notable downside gap last Monday. On August 13, the ETF closed up 17%, with traders expressing anticipation for upcoming Consumer Price Index (CPI) data. Further optimism was noted as the ETF surged from $25 to $38, indicating a strong upward trend. Additionally, one trader reported a nearly 30% increase in their position, highlighting broad coverage across semiconductor stocks. Some traders are also engaging in aggressive strategies, with one mentioning a 200% long position in $SOXL calls set to expire in 15 days.